Funding arb · Price arb /

SOL

all SOL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.043%

Price spread now: dYdX against edgeX−0.142%51s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.276% of the position

Long on edgeX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.153%−$15 on $10k

Price spread, last 7 days+0.184%+$18 · spread now −0.142%, 7d avg +0.009%

Together, before fees+0.031%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.152% cheaper against edgeX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX SOLUSDC	116.73	0.0100	pay 0.0050% / 4h	3h 26m	$93.7M	$399.8M	75x
Short	dYdX SOL-USD	116.57	0.0013	get 0.0002% / 1h	26m 02s	$4.4M	$24.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee dYdXbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$18.32
Price spread: −0.142% → +0.009%: −$15.18
Slippage, 4 orders: −$8.57
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$61.07
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; dYdX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 3 min ago	2.14 bp	6.6 bp −$7	6.6 bp −$66	6.7 bp −$673	10.2 bp −$5,095
Sell dYdX live order book, 3 min ago	0.86 bp	7.6 bp −$8	14.9 bp −$149	26.4 bp −$2,644	32.6 bp −$16.3K

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	−0.0193%	1h	116.54	−0.167%	$31.0M	$101.1M	100x	as long as short
Hibachi SOL/USDT-P	−0.0184%	1h	116.62	−0.097%	$105K	$703K	20x	as long as short
Vest SOL-PERP	−0.0095%	1h	116.51	−0.189%	—	$601K	20x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.56	−0.146%	$1K	$8K	25x	as long as short
Bybit SOLUSDT	−0.0004%	8h	116.46	−0.235%	$756.6M	$1.38B	100x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.54	−0.166%	$42K	—	150x	as long as short
dYdX SOL-USDshort	+0.0013%	1h	116.57	−0.142%	$4.4M	$24.2M	20x
Derive SOL-PERP	+0.0032%	1h	116.47	−0.222%	$1.9M	$2.9M	13x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.54	−0.165%	$7.6M	$404.7M	50x	as long as short
01 Exchange SOLUSD	+0.0064%	1h	116.56	−0.149%	$99K	$174K	20x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet SOL-USD	+0.0085%	1h	116.52	−0.183%	$147K	$1.6M	20x	as long as short
Orderly PERP_SOL_USDC	+0.0093%	8h	116.54	−0.168%	$1.0M	$5.9M	100x	as long as short
Lighter SOL	+0.0096%	1h	116.54	−0.163%	$13.1M	$60.3M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.53	−0.173%	$2.2M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.54	−0.168%	$350K	$247K	20x	as long as short
Katana Perps SOL-USD	+0.0099%	8h	116.53	−0.175%	$61K	$895K	20x	as long as short
Paradex SOL-USD-PERP	+0.0100%	8h	116.59	−0.128%	$1.0M	$551K	50x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.55	−0.156%	$5.4M	$40.3M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.69	−0.038%	$704.5M	$394.8M	20x	as long as short
Aster SOLUSDT	+0.0100%	8h	116.54	−0.167%	$174.6M	$183.2M	100x	as long as short
Pacifica SOL	+0.0100%	1h	116.59	−0.124%	$15.8M	$130.3M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.56	−0.150%	$972.4M	$3.82B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.58	−0.132%	$366.8M	$1.69B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.57	−0.141%	$229K	$839K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.57	−0.138%	$920K	$8.8M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.75	+0.014%	$133.5M	$19.9M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.53	−0.175%	$851.6M	$663.6M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.56	−0.149%	$366.6M	$1.08B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.59	−0.119%	$129.1M	$223.3M	75x	as long as short
Bitget SOLUSDT	+0.0100%	8h	116.53	−0.172%	$481.0M	$445.0M	100x	as long as short
BingX SOL-USDC	+0.0100%	8h	116.54	−0.165%	—	$10.6M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.54	−0.166%	$23.0M	$40.1M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.40	−0.283%	$24.4M	$113.5M	—	as long as short
edgeX SOLUSDClong	+0.0100%	4h	116.73	long leg	$93.7M	$399.8M	75x
GRVT SOL_USDT_Perp	+0.0100%	8h	116.68	−0.047%	$47.7M	$30.8M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.87	+0.116%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.68	−0.046%	$1.3M	$12.6M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.55	−0.158%	$320K	$2.6M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.55	−0.162%	$25K	$31K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.52	−0.183%	$189K	$1.8M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.53	−0.175%	$6.1M	$10.8M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.50	−0.200%	$225.8M	$48.1M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.56	−0.149%	$45.6M	$103.2M	50x	as long as short
Kalshi KXSOLPERP	+0.0102%	8h	116.60	−0.117%	$1.4M	$19.0M	3.1x	as long as short
Extended SOL-USD	+0.0104%	1h	116.50	−0.203%	$8.3M	$37.7M	50x	as long as short
Injective SOL/USDC PERP	+0.0107%	1h	116.70	−0.029%	$4K	$2K	12x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0048%	1h	116.56	−0.145%	—	$231.6M	500x	as long as short
Phoenix SOL	+0.0151%	1h	116.77	+0.031%	$6.5M	$13.8M	25x	as long as short
Reya SOLRUSDPERP	+0.0191%	1h	116.50	−0.197%	$1.1M	$542K	25x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0204%	1h	116.60	−0.116%	$26.3M	$23.3M	50x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.59	−0.123%	$51.9M	$67.2M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0235% / S −0.0178%	1h	116.54	−0.170%	$3.6M	—	200x	as long as short
Perpl SOL	+0.0335%	43m	116.62	−0.097%	$138K	$3.7M	8.3x	as long as short
Aftermath Perps SOLUSD	+0.0548%	1h	116.74	+0.007%	$25K	$51K	20x	as long as short
RISEx SOL/USDC	+0.0561%	1h	116.61	−0.103%	$1.9M	$4.8M	20x	as long as short